After months of negotiating and expending significant political capital, Boston Mayor Michelle Wu’s plan to shift the city’s property tax burden onto commercial real estate to save homeowners money seemingly died on Beacon Hill on Monday.
Wu needed lawmakers to approve the measure before City Council sets property taxes for next year, which the body is preparing to do Wednesday. So when the tax proposal was blocked once again in the state Senate on Monday, it appeared to be a fatal blow.
Banker & Tradesman | ‘Weston Whopper’ Development Backed by State Panel
ResiClub | The cost breakdown for constructing a single-family home in 2024
Banker & Tradesman | Boston Approves Net Zero Zoning Code Despite Industry Concerns
Bisnow | Apartment Sales Soared 22% In 2024. The Good Times Could Keep Rolling
Globe St | International Investment in U.S. Soared to New Record Under Biden, Report ShowsWe specialize in representing buyers and sellers of multi-family and mixed-use properties and buildable land throughout the Metro Boston area, providing effective strategies to maximize asset values for both private capital and institutional investors.
Boston Multifamily is the premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.